ANNOUNCEMENT 17 Dec 2012In December 2012, the government of the Russian Federation announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Resolution 2415-p of 17 December 2012, http://government.ru/gov/results/22018/
On 17 December 2012, the Russian Government (according to Resolution 2415-p) approved the allocation of a subsidy at the amount of 1,570,115.9 thousands Russian Roubles to subjects (republics and regions) of the Russian Federation. The concrete purpose of the subsidy is to co-finance expenditures of firms in these subjects related to the cultivation of perennial plants.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.